Dhaka Stock Exchange (DSE) has announced that there will be no price limit on the trading of Marico Bangladesh shares on Tuesday, following its corporate declaration. The Board of Directors of Marico Bangladesh has declared an interim cash dividend of 440 percent, equivalent to BDT 44 per share based on a face value of BDT 10. The declaration is backed by audited financial statements for the period ending 31 December 2024. Shareholders eligible for the dividend will be those listed in the Register of Members or the Depository Register as of the record date, set for 23 February 2025.
Marico Bangladesh, known for its Parachute brand cosmetics, has maintained a legacy of strong dividend payouts. In the first quarter ending 30 June 2024, the company declared an unprecedented 1000 percent interim cash dividend. However, for the fiscal year 2023-24, which ended on 31 March 2024, the dividend declaration was relatively modest at 200 percent, marking a significant decline compared to previous years. In earlier periods, Marico demonstrated remarkable consistency in its payouts, declaring 750 percent in 2023, 800 percent in 2022, 900 percent in 2021, and 950 percent in 2020.
As of 20 January 2025, Marico Bangladesh’s price-to-earnings ratio stood at 11.96, while the audited P/E ratio was reported at 15.88. These figures reflect the company's robust financial standing and valuation in the market.
The absence of price limits on Marico shares on Tuesday is anticipated to drive increased trading activity, given the company’s history of rewarding shareholders and its current dividend declaration. Investors are expected to respond positively to Marico’s performance and its ongoing commitment to delivering value.
Bd-pratidin English/ Jisan
